Mondelez International, Inc. $MDLZ Holdings Raised by Plancorp LLC

Plancorp LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.7% in the 1st quarter, HoldingsChannel reports. The firm owned 10,696 shares of the company’s stock after acquiring an additional 1,285 shares during the quarter. Plancorp LLC’s holdings in Mondelez International were worth $726,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV raised its position in Mondelez International by 8.0% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 323,302 shares of the company’s stock valued at $21,936,000 after buying an additional 24,085 shares during the period. Nippon Life Global Investors Americas Inc. raised its position in Mondelez International by 7.4% during the first quarter. Nippon Life Global Investors Americas Inc. now owns 124,580 shares of the company’s stock valued at $8,505,000 after buying an additional 8,630 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Mondelez International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,042,290 shares of the company’s stock valued at $70,719,000 after buying an additional 43,312 shares during the period. Integrated Wealth Concepts LLC increased its position in Mondelez International by 11.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 43,963 shares of the company’s stock worth $2,983,000 after purchasing an additional 4,469 shares during the last quarter. Finally, Investmark Advisory Group LLC acquired a new position in Mondelez International in the 1st quarter worth about $523,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $61.74 on Friday. The business has a 50 day moving average price of $65.16 and a 200 day moving average price of $65.91. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $79.89 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 4.67 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is currently 68.86%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price on the stock. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, Stifel Nicolaus upped their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.